World Insurance Associates (World) Acquires O'Brien and Gibbons (OBG)
Sica | Fletcher advises O'Brien and Gibbons in its sale to World Insurance Associates

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Overview of Transaction

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  • Originally founded in 1961, OBG is a retail insurance agency located in Worcester,
    Massachusetts.

  • With a focus on small commercial and personal lines, the Company is a generalist
    with some key real estate and contractor client relationships.

  • OBG agreed to partner with World Insurance Associates, a top 100 Independent
    Property/Casualty Agency.

 

Significance of Transaction

  • The acquisition of OBG provides World with an opportunity to cross-sell its non-P&C
    product lines/offerings.

  • The acquisition will allow provide the OBG team with robust resources, as well as
    the support to target larger accounts with more complex risks.

 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to OBG
    and explored multiple options for the firm before its decision to partner with World.

  • This transaction underscores Sica | Fletcher's unparalleled relationships with top-tier investors in the insurance sector.

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